LIEN THEORY MAKES FOR FAT OWNERSHIP RIGHTS
It’s important to have Owners Title Insurance here because Florida is a Lien Theory State.
In a Market Title State, if you purchase real estate with a loan, there’s a transfer of ownership to someone else who holds title until you pay it off. In a Lien Theory State, the mortgage is a lien on the property until you pay it off, but YOU hold the title. Yep, in a Lien Theory State like Florida, you have ownership rights from the very first mortgage payment forward. Since YOU hold the title, YOU are responsible to protect that title, and defend it if necessary. Owners Title Insurance with the proper title endorsements is the tool to get that done.
Don’t make all those mortgage payments and then lose your property to a bogus title claim! When you purchase real estate in Florida get Owners Title Insurance with the proper title endorsements. For a one-time low premium you will receive a policy that covers your ownership interest for the rest of your life, and it comes with a team of attorneys to defend your rights against title claims big and small.
Owners Title Insurance is important in Florida because when you buy a home, you want to protect it from someone else’s rights, whether real or perceived, coming back to challenge your rights.
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